Announced
Completed
Synopsis
Silal, a food and technology company, agreed acquire a majority stake in Al Bakrawe, a regional importer, exporter and distributor of fresh fruits and vegetables based out of the UAE. Financial terms were not disclosed. “Entering into this agreement with Al Bakrawe Holding marks a significant milestone for Silal as we expand our footprint in the fresh produce market. This strategic acquisition strengthens our regional presence and enhances our ability to deliver the highest quality products to our consumers. By integrating Al Bakrawe Holding's robust supply chain capabilities and leveraging their extensive industry expertise, we have strengthened our position to address the growing demands of our market, underscoring our unwavering ambitions toward a sustainable food ecosystem, prioritizing quality, reliability and innovation. We look forward to the opportunities this acquisition will present as we continue to set new standards in the industry," Salmeen Alameri, Silal Chief Executive Officer.
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